The NQM Funding Administrator assists with the operational processes associated with NQM correspondent loan purchases and sales; manages collateral tracking, documentation and workflow QC, and servicing on-boarding to ensure controlled and efficient execution.
PRINCIPAL DUTIES AND RESPONSIBILITIES
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Assists with operational processes for loan acquisitions including calculating and confirming purchase requests, reviewing initial documentation, preparing and submitting purchase requests, and confirming execution through established internal workflows.
- Maintains a centralized, audit-ready repository of loan purchase records, ensuring accuracy, completeness, and organizational consistency.
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Retrieves, reviews, and verifies loan documents for purchased loans, manages the initial package and data to initiate the purchased asset lifecycle.
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Serves as the primary point of contact for sellers, and the internal point of contact for loan purchases.
- Monitors trailing and collateral documentation post-purchase, and designs, implements, and optimizes acquisition workflows to support efficient document delivery and servicer boarding.
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Manages loan cancellation, change, and exception documentation and updates internal processes and workflows to reflect status changes, operational impacts, and compliance requirements.
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Supports Non-QM operational functions, including downloading and standardizing pipeline data files, and creating and managing purchase templates and documents.
- Assists with the execution and documentation of loan sales, as needed; prepares, organizes, and communicates biweekly trades with sellers, investors, and internal Bank teams, reconciles investor pricing, confirms pricing with sellers, and distributes required documentation for trade execution.
- Performs other duties as assigned.
EDUCATION AND/OR EXPERIENCE
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Bachelor's degree in Business Administration, or a related field, preferred.
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Mortgage or asset-backed origination, trading, or pricing experience, preferred.
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Experience with data management, process automation, and reporting, a plus.
KNOWLEDGE, SKILLS, AND ABILITIES
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Superior organizational discipline and attention to detail.
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Mortgage origination experience a plus.
- Background in asset pricing capital markets and/or in mortgage secondary a plus.
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Experience with Microsoft Excel, required; macros, scripts, and/or BI tools a plus.
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Strong technical skills for data manipulation, reporting, and control.
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Excellent verbal, written, and interpersonal communication skills.
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Ability to organize and prioritize work and meet strict deadlines in a fast-paced environment.
